Eight Kuwaiti banks among Arab world's 100 largest banks

10/10/2025 04:01 AST

Eight Kuwaiti banks have been listed among the 100 largest Arab banks, with combined assets estimated at $367.7 billion, according to the Union of Arab Banks' (UAB) 2024 analytical study. Secretary General of the Union, Wissam Fattouh, said in a press statement Thursday that the Kuwaiti banks featured in the rankings are the National Bank of Kuwait (NBK), Kuwait Finance House (KFH), Burgan Bank, Gulf Bank, Ahli United Bank (AUB), Warba Bank, Commercial Bank of Kuwait (CBK) and Kuwait International Bank (KIB).

Fattouh noted that NBK ranked first locally, eighth in the Arab world, and 179th globally in terms of assets, while KFH came second locally, tenth in the Arab world, and 198th globally. Burgan Bank ranked third locally, 40th in the Arab world, and 571st globally, followed by Gulf Bank in fourth place locally, 41st in the Arab world, and 587th globally. Ahli United Bank ranked fifth locally and 43rd in the Arab world, while Warba Bank came sixth locally and 52nd regionally.

The Commercial Bank of Kuwait ranked seventh locally and 60th in the Arab world, while Kuwait International Bank rounded out the list, ranking eighth locally and 67th in the Arab world.

The UAB Secretary General said that the total assets of the 100 largest Arab banks reached approximately $4.5 trillion by the end of 2024. The UAE topped the list with 16 banks included, followed by Saudi Arabia (11), Jordan (10), Morocco and Egypt (9 each), Kuwait, Bahrain and Qatar (8 each), Oman (6), Algeria, Tunisia and Libya (4 each), Lebanon (2), and Palestine (1). Fattouh added that 24 Islamic banks were included in the top 100 list, managing assets exceeding $991 billion - accounting for about 22 percent of the total assets of the region's largest banks.

KUNA